KUALA LUMPUR, Sept 30 — The ringgit is expected to maintain its current range of RM4.68 to RM4.69 against the US dollar next week, said an economist. Bank Muamalat Malaysia Bhd...
KUALA LUMPUR, Sept 30 — The ringgit is expected to maintain its current range of RM4.68 to RM4.69 against the US dollar next week, said an economist.
He said concern over the highly restrictive US monetary policy stance would also persistently dictate market sentiment.“Next week, investors await other important data points, including the US non-farm payroll and September’s unemployment rate,” he told Bernama. Meanwhile, SPI Asset Management managing director Stephen Innes opined that the ringgit may start to rally towards RM4.60 against the US dollar, depending on whether the global growth balance is achieved via a slower US economy or improvements in the rest of the world.
The US Congress is supposed to agree on a spending bill by end-September, failing which a government shutdown may result.
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